Tether’s strategic advisor, Gabor Gurbacs, has taken to his account on the X social media platform to share with the crypto neighborhood his tackle institutional buyers who entered the nascent blockchain and crypto house eight to 9 years in the past.
Establishments nonetheless fail to know Bitcoin
Gurbacs talked in regards to the “institutional crowd,” which started to faucet into the blockchain sphere again in 2016/2017. He careworn that these buyers most well-liked to place their cash into blockchain fairly than Bitcoin.
With out making any concrete examples, Gurbacs acknowledged that now, in 2025, eight years later, they nonetheless choose blockchain tech usually to Bitcoin specifically, lacking the revolutionary level about BTC: “8 years later they nonetheless don’t perceive both.”
The blockchain not Bitcoin institutional crowd is again from 2016/2017. 8 years later they nonetheless don’t perceive both. We’re nonetheless early.
— Gabor Gurbacs (@gaborgurbacs) June 27, 2025
“We’re nonetheless early,” he concluded.
Banks vs. Tether
Tether’s strategic advisor additionally slammed banks, saying that the one factor they’re primarily based on is clients trusting central depositories. Gurbacs claimed that financial institution deposits are often backed with lower than 15% tier-1 (liquid) capital: “Custodians maintain single-digit million insurance coverage bonds in opposition to multi-billion greenback funds.”
Total, he admitted, this makes central depositories “a home of playing cards” beneath the hood.
Banks on common maintain lower than 15% Tier 1 (liquid) capital in opposition to deposits within the financial institution.
Custodians maintain single-digit million insurance coverage bonds in opposition to multi-billion greenback funds.
Everybody simply trusts central depositories. Underneath the hood, it is a home of playing cards. That is the reality.
— Gabor Gurbacs (@gaborgurbacs) June 27, 2025
In comparison with banks, Tether has $118.4 billion in reserves, together with $5.3 billion in extra reserves as of August 2024.
One other BTC treasury firm grabs Bitcoin
In the meantime, lots of institutional buyers have already dipped their toes in Bitcoin via Bitcoin spot ETFs and Bitcoin Treasury firms. The very first of them was Technique (previously MicroStrategy), cofounded by Michael Saylor. In recent times, a number of others have adopted in his footsteps, together with Metaplanet, MARA and Riot.
One in all these firms, primarily based in Canada, introduced in the present day an acquisition of 292.8 BTC after elevating 125 million Canadian {dollars} — a Canadian public agency, Bitcoin Treasury Company (BTCT).
Canadian public agency Bitcoin Treasury Company (BTCT) introduced it raised C$125 million by way of a brokered share providing and purchased 292.8 BTC as a part of its bitcoin treasury technique. The corporate plans to make use of BTC to assist institutional lending companies and can start buying and selling…
— Wu Blockchain (@WuBlockchain) June 27, 2025
This acquisition was a part of this firm’s Bitcoin treasury technique. Additionally, this week, ProCap BTC, just lately based by Anthony Pompliano, additionally acknowledged that it had purchased 1,208 Bitcoin at roughly $105,977 per BTC. Now, the corporate already holds 4,932 Bitcoins.
